BRIDGEPORT, Conn. – Governor Dannel Malloy toured the house of Bridgeport resident Susan Young Tuesday to view the installation of solar power and energy efficiency measures – financed through a public-private partnership between PosiGen and the Connecticut Green Bank.
The financing program combines a solar lease with an energy savings agreement to lower the energy burden of participating households.
In an effort to extend the reach of the governor’s renewable energy policies, the Green Bank has teamed up with PosiGen, a New Orleans solar company that recently located its New England business to Bridgeport. Focused on closing on what many see as a clean energy affordability gap, the partnership is designed to give people like Young access to an affordable solar leasing structure that will deliver energy savings for the often-overlooked market segment.
“We are making Connecticut greener, cleaner and more efficient than ever before, and in the process we're helping residents save on energy while creating thousands of new jobs in the industries of the future,” said Malloy.
Accompanying the governor were Bryan Garcia, president and CEO of the Connecticut Green Bank; Tom Neyhart, CEO of PosiGen; and Brett Broesder, director of communications for the City of Bridgeport.
PosiGen focuses its efforts on improving the financial sustainability of low-to-moderate income families who are most susceptible to rising energy costs by reducing their energy consumption and providing opportunities to leverage state and federal incentives.
“We are excited to be partnering with the Connecticut Green Bank to enable innovative financing through a combination solar lease and energy savings agreement offering,” said Neyhart of PosiGen. “We are making the combination of solar and efficiency upgrades more accessible and affordable for low-to-moderate income families that need to reduce their household energy burden.”
The Connecticut Green Bank, the nation’s first full-scale green bank, it is leading the clean energy finance movement by leveraging public and private funds to scale-up renewable energy deployment and energy efficiency projects across Connecticut.
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